Plenty of ac­tion at auc­tions

The Courier-Mail - Property - - REALESTATE MARKET WRAP - MICHELLE HELE

AUC­TIONS are prov­ing a fast method of sell­ing, with the lat­est fig­ures re­veal­ing prop­er­ties listed for auc­tion are sell­ing within on av­er­age 43 days.

Days on mar­ket in Bris­bane for all types of sales at the mo­ment is 83 days, so auc­tion re­sults ap­pear well be­low that av­er­age.

Tra­di­tion­ally there are fewer prop­er­ties of­fered for auc­tion in Bris­bane and Queens­land than other states, but clear­ance rates have held steady for some months now.

A few agents have re­ported higher num­bers of reg­is­tered bid­ders and strong in­ter­est at prop­er­ties go­ing to auc­tion in re­cent weeks.

John McLeod of Har­courts In­ner East took a home at Cano­pus St, Coor­pa­roo to auc­tion as part of a de­ceased es­tate and achieved a solid re­sult.

It had been the fam­ily home of Gra­ham, Peter, Lloyd and Paul Hunter.

Mr McLeod said it had pre­vi­ously been on the mar­ket with another agent for two months with a list price of $670,000.

He said the high­tes of­fer re­ceived dur­ing that time was $620,000.

It was later listed through Mr McLeod and sched­uled for auc­tion where it sold un­der the ham­mer for $705,000 af­ter a four-week cam­paign.

There were 12 reg­is­tered bid­ders vy­ing for the prop­erty.

The two-bed­room weath­er­board home was set on a 809sq m block of land.

The num­ber of auc­tions held ev­ery weekend, will start to pick up in the next cou­ple of weeks.

Among them is a ren­o­vated colo­nial at Fred­er­ick St, An­ner­ley to go un­der the ham­mer on March 6.

It is be­ing sold by Pit­man Prop­er­ties. Prop­erty records re­veal it bought the prop­erty in Novem­ber last year.

At that time it was on a 1884sq m block. The land has now been sub­di­vided and the house is be­ing of­fered for sale on a 567sq m par­cel of land.

It has six bed­rooms and three bath­rooms.

The home is be­ing mar­keted through Ben White and Judy Goodger of Place.

A house at 53 Cano­pus St, Coor­pa­roo (above) de­liv­ered a solid re­sult for the seller at auc­tion; while a nhome at 74 Fred­er­ick St, An­ner­ley (be­low) goes to auc­tion on March 6.

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